Independent

SLCO20,000,000 bbl, Term Deal. Monthly Volume Allocations. (1) Product name: Saudi Light Crude Oil (2) Origin: Kingdom of Saudi Arabia, Aramco. (3) Quantity: 20,000,000 bblbarrels by 60 months. (4) Price: Based on 3 day average Dubai Platts SLCO (5) shipping: Port of Origin, FOB.(5) Discount: Gross discount USD $9 per barrel, Net discount USD $2 per barrel (50% Seller/50% Buyer). (6) Delivery: FOB(7) Specification: Api gravity 33-34 Sediment content 0.1 Astm stabilised gravity 34.5 Wax-wt percent 2.9 Vanadium ppm v200 11.0 Gross heating value 19.23 Reid vapour pressure 2.0 Salt content, ppm nacl 3.8 Sulphur, wt percent 1.5 max Ash, ppm 1.0 Comp, carbon residue, wt percent 3.1 Viscosity, cp 55.0 Pour point 35.0 Contract procedure and details: 1. Buyer submits LOI with banking information and soft probe authorization. 2. Seller issues Full Corporate Offer (FCO). 3. Buyer accept FCO, confirmed by signed and seal on the FCO, then reply with an irrevocable corporate purchase order (ICPO) with full banking details, refinery numbers, letter of authority to full banking detail, aramco registration numbers, refinery details, letter of authority to represent the refinery to aramco and arrange for contract allocation, confirmation of funds letter (annexure 111) & letter of authority to verify. 4. Seller issue draft contract for buyer&＃39;s review. 5. Buyer sign and seal and returns the signed contract to the seller for signature. 6. After verification of the above by the seller, the seller issues 6 hard copy originals and sends to buyer. 7. Volumes available for varification and inspection.